Which of the Following Theorists Believe a Decrease in Marginal

question 4

Multiple Choice

Which of the following theorists believe a decrease in marginal tax rates will increase the incentives to work and invest?

• A)Keynesians.
• B)Monetarists.
• C)Supply-siders.
• D)Phillips curvers.

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used in preparing financial statements.

Debits and Credits

Debits and credits are the fundamental components of accounting, representing increase or decrease in accounts to record transactions in double-entry bookkeeping.

Financial Statements

Summarized records of a company's financial activities, including the balance sheet, income statement, and cash flow statement, presented over a specific period.

Adjusting Entry

An entry recorded in the books at the period's end to assign earnings and outlays to the correct period.